Spohn offer ’is fair’ say HeidelbergCement

Published:
11 July 2005

HeidelbergCement AG said its supervisory and management boards both agreed that Spohn Cement AG’s Euro 60 per share takeover offer for the company ’is fair.’ The company also said that Goldman Sachs conducted a so-called ’fairness opinion’ study which also found that the offer is appropriate. Spohn announced its takeover bid last month.